Bitwise turns Coinbase's tokenized stocks into automated AI, robotics and tech portfolios
Bitwise has launched Automated Token Portfolios (ATPs), enabling eligible non-U.S. investors to hold and automatically rebalance baskets of tokenized U.S. equities directly within their personal crypto wallets. These portfolios utilize tokenized stocks recently introduced by Coinbase on the Base blockchain, with rebalancing technology provided by Glider based on Bitwise's investment models. The initial product lineup features thematic baskets focused on AI, robotics, and an expanded version of the Magnificent Seven, which includes SpaceX alongside major tech giants like Apple, Nvidia, and Tesla. By moving beyond traditional pooled funds or ETFs, this initiative allows investors to maintain self-custody of individual assets while benefiting from professional portfolio management software. This development represents a significant shift in onchain asset management, demonstrating how firms can build sophisticated financial products directly on blockchain rails. The collaboration highlights the growing ecosystem around tokenized securities, following Glider's previous work with Ondo Finance. This move marks a strategic expansion for the $9 billion asset manager, Bitwise, as it diversifies from crypto ETFs into broader onchain asset curation.
- ▸Bitwise launched Automated Token Portfolios for non-U.S. investors using Coinbase's tokenized stocks on Base.
- ▸Glider provides the rebalancing technology for portfolios including AI, robotics, and Magnificent Seven themes.
- ▸Investors maintain self-custody of individual tokenized equities within their own crypto wallets.
- ▸The Magnificent Seven portfolio includes Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla, and SpaceX.
Bitwise is a prominent digital asset manager known for its crypto-focused ETFs and, more recently, its expansion into DeFi vault curation. Tokenized stocks are blockchain-based representations of traditional equities that allow for 24/7 trading, fractional ownership, and direct integration into decentralized finance protocols while maintaining the underlying economic exposure to the public company.